Smart glasses Market to Surpass USD 9.3 Billion by 2024, Fostered by Growing Boom of Smart Devices
According to a new report published by FAST.MR, titled, “Smart glasses Market” witnessed a market value of USD XXX billion in 2018 and is considered to surpass USD 9.3 billion by 2024, recording a compound annual growth rate (CAGR) of 16.1% between 2019 and 2024. The smart glasses market is analysed based on regions, by type, by end user and by distribution channel. The regions covered in the report are North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The research report also includes detailed competitive analysis of dominant market players in smart glasses market, such as VUZIX, Vigo Technologies Inc., Epson India Pvt Ltd., DAQRI, Optinvent, Google, Sony Corporation, Bose Corporation, Microsoft, North Inc., Vision Service Plan and others.
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Based on the type, the market has been classified into binocular smart glasses, monocular smart glasses, audio AR smart glasses, and mixed reality smart glasses. In product segment, mixed reality smart glasses segment contributed around XX% market share of the smart glasses market in 2018. Smart devices are being adopted among almost every sector such as manufacturing industries, corporate jobs, and others to bring even more efficiency to the workplace. This strong adoption rate of smart devices is fostering the growth of mixed reality smart glasses segment.
The end user segment includes enterprise user and individual user. Enterprise user segment was valued at USD XX million in 2018 and is expected to reach USD XX Million by 2024, progressing at a CAGR of XX% from 2019 to 2024. On the basis of distribution channel, the market is categorized into offline channels and online channels. At present, offline channel segment represents XX% of the total smart glasses market.
Region-wise, the market has been segmented into Europe, Asia Pacific, North America, the Middle East & Africa, and Latin America. The North America region has acquired significant market shares and is poised to continue its dominance in the coming years. The competitive landscape of the market has been examined in the report. Some of the key players operating in the market include VUZIX, Vigo Technologies Inc., Epson India Pvt Ltd., DAQRI, Optinvent, Google, Sony Corporation, Bose Corporation, Microsoft, North Inc., Vision Service Plan and others prominent players.
Research Scope and Deliverables:
- Research Methodology & Executive Summary
- Market Drivers, Trends, Barriers and Opportunities
- Market Size and Forecast Projections
- Competitive Analysis
- Macroeconomic Indicators of Various Countries Impacting the Growth of the Market
- Extensive Coverage of Industry Players including Recent Product Launches and Market Activities
- Porter’s Five Force Analysis
Market Segmentation Analysis:
Industry report analyses the smart glasses market by the following segments:
- End User
- Distribution Channel
Geographic Market Analysis:
The report offers separate analysis of North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In addition, the further breakdown of market data and analysis of region into countries is covered in the report.
FAST.MR is a global market research and business-consulting organization that aims to provide a deep market insight to our clients, which helps them in better decision making in the dynamic environment. We have a team of highly qualified personnel that studies the market in depth to provide our clients with better strategies to stand out in the market.
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